Which of the Following Is True Regarding the Status of Negotiable

question 74

Multiple Choice

Which of the following is true regarding the status of negotiable instruments in regard to international transactions?

• A)The Uniform Commercial Code is accepted as the defining word on negotiability in North America and Europe.
• B)The definitions in regard to negotiable contracts vary from country to country.
• C)The United Nations Committee on Contracts defines and enforces concepts of negotiability for all member nations.
• D)The World Trade Organization defines and enforces concepts of negotiability for all member nations.
• E)The Uniform Negotiation Act,agreed upon by a majority of countries,addresses definitions in regard to negotiability.

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Definitions:

Managing Activities

The actions taken by an organization to plan, organize, direct, and control its operational, financial, and administrative tasks.

Financing Activities

Activities relating to raising money from investors and creditors such as the issuance of stocks and bonds and long-term notes; also, repurchase of outstanding stock and retiring bonds and notes as well as paying dividends.

Retained Earnings Activities

The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested into the business or kept as a reserve.

Operating Revenue

Income earned from a company's core business operations, excluding revenue from non-operating sources like investments.